Full Issue:

A July 27 webcast speech, directed at Europe and Argentina in particular. While the
banksters are demanding fascism, there is an alternative to the economic/financial
crisis: that chosen by President Franklin D. Roosevelt, who took on the Wall Street
banking system and introduced the Glass-Steagall separation of commercial and investment
banks.

The financier oligarchy fears that Europeans will join Argentina in adhering to the
principle that people come before banks, that production must replace speculation,
and that national sovereignty must prevail over globalization.

An interview with Bill Johnson, the CEO of the TVA. Is the mission of the TVA “finished,”
as some bean-counters on Capitol Hill claim? Johnson: “I think an interesting exercise
would be to find out from the people who live there, who are served in some way by
TVA, what they think. And I think that you’ll find that the mission is not finished.”

Harley Schlanger’s speech to the June 29 Schiller Institute conference, demonstrates
that the booming California agro-industrial economy of the 1950s and ’60s, made possible
by FDR’s nation-building policies, can be revived today.

International

Unless there is improvement in the economic situation, there will be a social explosion
against whoever is in power. Despite the Army’s success on July 26 in preventing large-scale
Muslim Brotherhood terrorist actions, stability is far from assured.